Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$6.23B |
| 2 |
Coty
COTY
|
+$1.43B |
| 3 |
Microsoft
MSFT
|
+$237M |
| 4 |
GXP
Great Plains Energy Incorporated
GXP
|
+$199M |
| 5 |
eBay
EBAY
|
+$198M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$266M |
| 2 |
NextEra Energy
NEE
|
+$198M |
| 3 |
EMC
EMC CORPORATION
EMC
|
+$179M |
| 4 |
Exelon
EXC
|
+$150M |
| 5 |
Salesforce
CRM
|
+$150M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 17.22% |
| 2 | Healthcare | 10.7% |
| 3 | Energy | 9.08% |
| 4 | Technology | 8.88% |
| 5 | Financials | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
TriNet
TNET
$3.19B
| $12.7M | 0.02% |
586,273
+146,779
| +33% | +$3.13M |
|
802
Allison Transmission
ALSN
$10.8B
| $12.7M | 0.02% |
441,911
-558,094
| -56% | -$15.7M |
|
803
Old Republic International
ORI
$10.1B
| $12.7M | 0.02% |
718,719
-506,146
| -41% | -$9.63M |
|
804
Hexcel
HXL
$7B
| $12.6M | 0.02% |
284,279
-199,920
| -41% | -$8.75M |
|
805
CME Group
CME
$100B
| $12.6M | 0.02% |
120,336
-470,662
| -80% | -$49.1M |
|
806
Hilton Worldwide
HLT
$74.3B
| $12.5M | 0.02% |
181,970
-365,375
| -67% | -$25.8M |
|
|
RDS.A
807
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $12.5M | 0.02% |
258,515
-1,519,954
| -85% | -$74.3M |
|
|
QVCGA
808
DELISTED
QVC Group Inc Series A
QVCGA
| $12.5M | 0.02% |
12,852
+12,634
| +5,795% | +$13.9M |
|
809
Toro Company
TTC
$9.47B
| $12.5M | 0.02% |
+266,350
| New | +$12.5M |
|
|
NXRT
810
NexPoint Residential Trust
NXRT
$631M
| $12.5M | 0.02% |
634,459
+535,544
| +541% | +$10.7M |
|
|
TAHO
811
DELISTED
Tahoe Resources Inc
TAHO
| $12.5M | 0.02% |
971,710
+911,117
| +1,504% | +$13.5M |
|
812
Ternium
TX
$10.8B
| $12.4M | 0.02% |
633,622
+288,385
| +84% | +$5.98M |
|
813
NewMarket
NEU
$8.61B
| $12.4M | 0.02% |
28,887
+10,947
| +61% | +$4.66M |
|
|
MACK
814
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $12.4M | 0.02% |
247,884
-12,229
| -5% | -$508K |
|
815
Apple Hospitality REIT
APLE
$3.92B
| $12.3M | 0.02% |
665,361
+136,126
| +26% | +$2.64M |
|
816
Vanguard S&P 500 ETF
VOO
$1.02T
| $12.3M | 0.02% |
61,686
-22,466
| -27% | -$4.46M |
|
|
XENT
817
DELISTED
Intersect ENT, Inc
XENT
| $12.2M | 0.02% |
771,865
-1,774
| -0.2% | -$26.7K |
|
818
Advanced Micro Devices
AMD
$746B
| $12.1M | 0.02% |
1,755,079
-2,751,525
| -61% | -$17.6M |
|
819
Gen Digital
GEN
$17.4B
| $12.1M | 0.02% |
483,063
-1,584,363
| -77% | -$36M |
|
820
Minerva Neurosciences
NERV
$230M
| $12.1M | 0.02% |
107,078
+3,255
| +3% | +$316K |
|
|
MOMO
821
Hello Group
MOMO
$841M
| $12.1M | 0.02% |
+536,521
| New | +$9.51M |
|
822
Bio-Techne
TECH
$11.3B
| $12M | 0.02% |
439,664
+348,524
| +382% | +$9.57M |
|
823
AXIS Capital
AXS
$7.25B
| $12M | 0.02% |
+221,175
| New | +$12.2M |
|
|
NSTG
824
DELISTED
NanoString Technologies, Inc.
NSTG
| $12M | 0.02% |
601,384
+143,222
| +31% | +$2.27M |
|
825
CALL
Lockheed Martin
LMT
$130B
| $12M | 0.02% |
+50,000
| New | +$12.5M |
|
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Israel Englander's Q3 2016 Portfolio in Review
As of Q3 2016, Israel Englander held 3,956 positions worth $59.6B, up 37% from $43.7B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Israel Englander deployed $13.4B of net new capital in Q3 2016, opening 826 new positions and adding to 1,153 existing holdings. Its largest new stake was Edison International: 1,171,827 shares worth $84.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 17% of assets, up from 6.3% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was NextEra Energy, an estimated $198M trimmed.
- Israel Englander's largest Q3 2016 buy was Edison International: 1,171,827 shares worth $84.7M.
- Israel Englander added most to Procter & Gamble in Q3 2016, an estimated $6.23B increase.
- Israel Englander's biggest Q3 2016 reduction was NextEra Energy, cutting an estimated $198M.
- Israel Englander fully exited Charter Communications in Q3 2016, selling an estimated $266M.
- Israel Englander's ten largest holdings make up 24% of its $59.6B portfolio in Q3 2016.
- Israel Englander opened 826 new positions and closed 723 in Q3 2016.
- Israel Englander's portfolio value rose 37% quarter-over-quarter to $59.6B.
Based on Millennium Management's 13F filing for Q3 2016, filed 14 Nov 2016.